In Asia our business comprises our cement operations in the Philippines along with equity accounted investments in Northeast China and Southern India. These positions represent strategic growth platforms which provide us with exposure to industrialisation, urbanisation and population related construction demand in the region’s developing economies.
In the Philippines our Republic Cement business is the number two cement producer in the market.
In addition, CRH has established strategic footholds in China and India. The Group has a 26% stake in associate Yatai Building Materials, which is a market leader in building materials in Northeast China. In India, we have a 50% Joint Venture with My Home Industries Limited ("MHIL") which is a leading player in the southern states of Andhra Pradesh and Telangana.
Our strategy is to build select leading regional positions to enable us to benefit from industrialisation, urbanisation and population growth in these developing economies over the coming decades.
The division employs approximately 1,300 people across 12 operating locations, with a further 7,300 in our equity accounted entities.